Question

Find the compound interest on ₹ 25,000 invested for 2 years at the rate of 10 p.c.p.a ​

Answer 1

Step-by-step explanation:

  P = Rs. 25000, n = 2years, r = 12% p.a

∴ Amount =P(1+100r)n=Rs.25000×(1+10012)2

=Rs.25000×(100112)3=Rs.25000×2528×2528×2528=Rs.35123.20

∴ Compound interest =Rs.(35123.20−25000)=Rs.10123.20

Answer 2

P = Rs. 25000, n = 2years, r = 12% p.a

∴ Amount =P(1+100r)n=Rs.25000×(1+10012)2

=Rs.25000×(100112)3=Rs.25000×2528×2528×2528=Rs.35123.20

∴ Compound interest =Rs.(35123.20−25000)=Rs.10123.20